deep drops on the stock exchange

Steel prices fell sharply on the Shanghai exchange.

Steel prices in Northern Vietnam

According to SteelOnline.vn, Hoa Phat steel brand offers CB240 steel coils at 13,940 VND/kg; and D10 CB300 ribbed steel bars at 14,440 VND/kg.

Similarly, the Viet-Italian steel brand, CB240 coiled steel, remained at 14,090 VND/kg; D10 CB300 ribbed steel bars were priced at 14,340 VND/kg.

Viet Duc Steel simultaneously reduced prices for two of its products, with the CB240 coiled steel line priced at 14,040 VND/kg and the D10 CB300 ribbed steel bar at 14,540 VND/kg.

Viet Sing Steel, with CB240 steel coils priced at 13,850 VND/kg, and D10 CB300 ribbed steel bars maintaining a price of 14,210 VND/kg.

VAS steel prices have dropped to 14,160 VND/kg for CB240 coiled steel and 14,110 VND/kg for D10 CB300 ribbed steel bars.

Steel prices in Central Vietnam

Hoa Phat Steel maintains its CB240 coil steel price at 13,990 VND/kg; D10 CB300 ribbed steel bars are priced at 14,440 VND/kg.

At Viet Duc Steel, the current price for CB240 steel coils is 14,490 VND/kg; and for D10 CB300 ribbed steel bars, it is 14,900 VND/kg.

VAS Steel currently offers CB240 steel coils at 14,210 VND/kg and D10 CB300 ribbed steel bars at 14,260 VND/kg.

Pomina Steel, with its CB240 coiled steel at 14,690 VND/kg; and D10 CB300 ribbed steel bars at 15,300 VND/kg.

Steel prices in Southern Vietnam

Hoa Phat Steel: CB240 steel coils are priced at 13,990 VND/kg; D10 CB300 ribbed steel bars are priced at 14,440 VND/kg.

VAS steel, CB240 coil steel, is priced at 14,310 VND/kg; D10 CB300 ribbed steel bar is priced at 14,210 VND/kg.

Pomina steel, CB240 coiled steel is priced at 14,590 VND/kg; D10 CB300 ribbed steel bar is priced at 14,990 VND/kg.

Steel prices on the exchange.

The price of rebar futures on the Shanghai Futures Exchange (SHFE) for May 2025 delivery fell sharply by 26 yuan, to 3,658 yuan per ton.

With Asian spot iron ore prices having fallen below $60/tonne, steelmaking raw material prices appear to be heading toward a level more in line with supply and demand fundamentals.

However, as is often the case, the risk when a price surge reverses as quickly as the current decline in iron ore is that the price will exceed the decline.

Spot prices in Asia fell to $59.65 per ton on Wednesday, the lowest level in three and a half months and down 25% from a recent peak of $79.65 at the end of August.

Iron ore is currently much lower than the $78.87 level reached at the end of 2016, and this is proving to be a volatile year, with two strong price surges followed by sharp reversals.

Both the surge to a 2017 high of $94.86/tonne in late February and the August high were driven by optimism about a sharp increase in steel production in China, which buys about two-thirds of the world's seaborne iron ore.

The most recent drop in iron ore prices occurred as some optimism about Chinese steel production and demand faded, particularly amid factory closures as part of efforts to improve air quality ahead of the ruling Communist Party's major conference, which begins on October 18.

Despite price fluctuations, China's import demand remains remarkably stable. According to customs data, imports in the first eight months of the year totaled 714 million tons, a 6.7% increase compared to the same period last year.

According to the data, iron ore imports by sea totaled 87.2 million tons in September, a slight decrease from 88.6 million tons in August.

There is a risk that iron ore imports may be slightly lower in the final quarter of this year, due to expected steel mill closures and ample inventories at Chinese ports, which rose to 133.8 million tonnes in the week ending October 6.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-ngay-22-6-giam-sau-tren-san-giao-dich.html